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PM Dzung encourages Vietnam-Brunei trade, investment cooperation

The Vietnamese Government will create all favourable conditions for Brunei businesses to promote trade and investment cooperation with their Vietnamese counterparts, particularly in areas agreed by the two governments, said Prime Minister Nguyen Tan Dzung.

Addressing the Vietnam-Brunei business forum in the Brunei capital Bandar Seri Begawan on August 16, Mr Dzung highlighted the strong development of the friendship and multifaceted cooperation between Vietnam and Brunei 15 years after the two countries established their diplomatic ties. He said his talks with the Brunei Sultan on August 15 opened up new opportunities for the two countries’ business communities to boost cooperation in trade, oil and gas, physical sports and training, tourism and labour.

The Vietnamese PM affirmed that the signing of cooperation agreements during the visit, including those on double tax avoidance, sports, youth and oil and gas, will lay a firm foundation for the two countries to bolster bilateral cooperation in areas of mutual interests.

“Vietnam will be a safe and efficient investment destination for foreign businesses, given the fact that it is a market economy and a member of the World Trade Organisation and has a political stability and large population,” said Mr Dzung, calling on Brunei businesses to explore and seek cooperation opportunities in Vietnam.

He answered many questions raised by Brunei investors regarding Vietnam’s opportunities and challenges during the development process, investment policies in the areas of real estate, pharmaceuticals, tourism as well as Vietnam’s views on sustainable energy use and management.

Mr Dzung said Vietnam has signed bilateral trade agreements with many countries, including the US and the European Union. The country has also promulgated the Law on Intellectual Property Rights in line with WTO regulations and international norms.
“We have been strictly implementing this law,” Mr Dung affirmed. 

He also said that Vietnam encourages domestic and foreign businesses to invest in the real estate market. 

In the morning, Mr Dzung called at Brunei’s Shell Petroleum headquarters, the Royal Palace Museum and met with Vietnamese Embassy staff and Vietnamese guest workers in Brunei.

In the afternoon, the Vietnamese delegation led by PM Nguyen Tan Dzung left Bandar Seri Begawan for Hanoi, concluding an official two-day visit to Brunei. (VOV)

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